El Dorado County

Chase life—joy, health, success

You may have noticed a slight leveling in our local market starting in July 2021. Indicated by a few less offers, offers that are closer to asking price or a few more days on the market. People have settled into their home work life balance with children going back to school, fire or virus safety and whatever else may be present in their personal lives. The dramatic changes instigated by COVID will set a precedence for many new norms moving forward, such as better sanitation, an up-level of outdoor eating, more grace and appreciation of others.

Whilst the market continues to be strong despite the changes brought by the delta virus, the global economic behavior and the new norm. The biggest driver is a lack of new construction. This is projected to be a long-term factor since developers have not built new houses at the pace needed to keep up with the flood of qualified buyers. The lack of new housing development is quantified by a lack of construction materials and labor – these impacts are a result of the global market and COVID.

Conversely, the list of qualified buyers keeps growing with the increasing wages and opportunities in the job market. Feds intend to keep interest rates low to promote stability. Landlords are still getting tons of applicants even with the increased rental prices – turning more renters into buyers since buying is more affordable than renting.

Interestingly this keeps the market stronger than ever. It’s a great time to sell and a great time to buy! If you’re considering selling you’re able to get the price range you’re dreaming of. If you’re considering buying your investment is likely to increase in value long-term since the housing shortage is projected to last up to ten more years.

Our Chase Ready program makes it easier for sellers to sell and buyers to buy. Sellers are able to increase their fair market value and decrease the headaches of negotiations or fall-out. While buyers can make a confident and educated decision when making an offer. Having the Chase Ready program by your side creates opportunities where everyone wins. If you have any questions please call our local office, 888 70 CHASE.

El Dorado Hills

2021 Q-3 Statistics | January 1st - September 30th

SINGLE FAMILY

Volume of Sales Number of Sales Average Sales Price Median Sales Price Average Price Per Sqft. Average Days on Market List to Sales Price Ratio

2021

$806,903,310 874 $1,006,114 $895,000 $330.74 16 98.64%

2020

$591,798,924 732 $809,574 $716,000 $267.17 35 98.28%

% Change

36.35% 19.40% 24.28% 25.00% 23.79% -54.29% 0.37%

SALES VOLUME 2021 $806,903,310 2020 $591,798,924 UNITS SOLD 2021 874 2020 732

888.70.CHASE | chaseinternational.com